Matic Network (MATIC) Surges 75% in 24 hours and 900% in 14 days

Matic Network today surges more than 75% within 24 hours. Bitcoin is now stable at around $7900 after the second round of bull run this year. Some of the Altcoins are performing far better than others like Matic Network, Fetch.AI, BTT etc.

Basically Matic Network is a startup that provides an off/side-chain scaling tool for existing networks like Ethereum to ensure a better user experience in the context of dApps.

The current trading price of MATIC while writing this article is $0.037467 USD which is up by 71.79% within the last 24 hours. The 24 hour trading volume for Matic Network (MATIC) is $570,707,606 USD and the market capitalization is $80,932,522 USD.

Matic project was launched through Binance Launchpad less than a month ago. Almost 98% of the token’s trading volume is from Binance in the trading pair of MATIC/BTC, MATIC/USDT and MATIC/BNB.

About 62.28% of the trading volume if from MATIC/BTC trading pair, 33.28% is from MATIC/USDT trading pair and about 4.06% is from MATIC/BNB trading pair.

Matic Network has officially joined Binance Info's transparency initiative. By sharing project-related information such as news and progress reports on Binance Info, Matic is contributing to keeping the community informed.

Matic Network also informed through its Twitter account that it has officially joined Binance’s transparency initiative. The tweet reads,

“Matic Network has officially joined Binance Info’s transparency initiative. By sharing project-related information such as news and progress reports on Binance Info, Matic is contributing to keeping the community informed.”

Last month Matic also announces that Coinbase Ventures is their seed investors.

Matic is proud to announce @coinbase ventures as our seed investor.We are ecstatic to have the Coinbase team supporting us and aim to work towards realising mutual network effects.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.